Tag Archives: technology
Snowflake beats quarterly estimates on strong demand for data management services
(Reuters) - Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and storage needs of businesses amid a surge in the ...
Aug 23, 2023
Nvidia’s forecast adds fuel to rally in AI tech stocks
By Noel Randewich (Reuters) - Nvidia's strong quarterly revenue forecast delivered on Wall Street's high expectations on Wednesday, sparking gains in a range of AI-related stocks and giving a jolt to ...
Aug 23, 2023
NetApp beats revenue estimates on rising demand for cloud services
(Reuters) - NetApp reported first-quarter revenue above Wall Street estimates on Wednesday, driven by strong demand for cloud based services from businesses. Enterprise spending on cloud held strong a...
Aug 23, 2023
Nvidia forecast tops Wall Street expectations, $25 billion share buyback planned
By Chavi Mehta, Max A. Cherney and Stephen Nellis (Reuters) -Chip designer Nvidia on Wednesday forecast third-quarter revenue above Wall Street targets and said it will buy back $25 billion more of it...
Aug 23, 2023
SpaceX working with Cloudflare to speed up Starlink service- The Information
(Reuters) -Elon Musk-owned SpaceX is working with Cloudflare to boost the performance of its satellite internet service Starlink, the Information reported on Wednesday, citing a person with direct kno...
Aug 23, 2023
Exclusive-Healthcare software vendor NextGen explores sale, sources say
By David Carnevali NEW YORK (Reuters) - NextGen Healthcare, a provider of software that helps manage patients' records, is exploring options that include a sale of the company, according to people fam...
Aug 23, 2023
Exclusive-SoftBank hired Arm’s IPO banks without clarity on fees -sources
By Echo Wang and Anirban Sen NEW YORK (Reuters) - Chip designer Arm signed up 28 banks for its blockbuster initial public offering without giving them a fee arrangement, a reflection of owner SoftBank...
Aug 23, 2023
Mortgage lender Better set for Nasdaq debut in test for choppy markets
By Hannah Lang (Reuters) - SoftBank-backed Better, the digital mortgage lender which hit the headlines in 2021 after laying off 900 employees on Zoom, is set to go public on the Nasdaq stock exchange ...
Aug 23, 2023
Volkswagen strikes direct supply deals for chips to avoid global shortage
BERLIN (Reuters) - Volkswagen has begun purchasing strategically important chips it believes will be in short supply globally directly from 10 manufacturers including NXP Semiconductors, Infineon Tech...
Aug 23, 2023
EU’s Breton urges Big Tech to use new online content rules to restore trust
By Foo Yun Chee BRUSSELS (Reuters) - Alphabet's Google, Meta Platforms, Microsoft, Twitter, TikTok and other tech giants should use EU online content rules that apply to them this Friday to restore tr...
Aug 23, 2023
